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Search Results 200 to 249 of about 2,119 (some duplicates have been removed)
PBS
Jul 23, 2011 6:00am PDT
pie. >> this is the most humble day of my life. >> media mogul rupert murdoch and his son james answered questions this week before members of the british parliament. the murdochs were grilled about accusations of cell phone hacking and bribery. members wanted to know what the murdochs knew and when they knew it. murdoch was asked by members how and why these events occurred. >> i feel that people i trusted, i'm not saying who i don't know at what level, let me down, and i think they behaved disgracefully and betrayed the company and me, and it's the debt to pay. >> the case that most angered the public was that of milly dowler, the murdered 13-year- old school girl in 2002 whose phone had been hacked. murdoch himself introduced the milly dowler case. >> absolutely shocked, appalled, and ashamed when i heard about the milly dowler case. only two weeks ago, eight days. >> question is the scandal now contained or is it spreading? mort. >> it's certainly to some extent continuing, let me put in the way, because it's gone beyond the specifics of this hacking case. there is a sense t
ABC
Jul 20, 2011 4:00am EDT
>>> making news this morning, blame game. >> billionaire news titan rupert murdoch like we've never seen him before plus the wife who jumped to his defense this morning, a new chapter in the scandal. >>> taking a toll. without a deficit deal new numbers show voter dissatisfaction at a 20-year high but today a glimmer of hope. >>> cranking up that dial. the hottest weather in years for millions and relief is days away. >>> well, good morning, everyone. today the british prime minister will be grilled on the news corp phone hacking scandal which is continuing to make news. >> oh, yes. morning newspapers around the world have the murdoch father and son testimony front and center. rupert murdoch's own tabloid "the sun" has a subdued front page with the headline, "the most humble day of my life" quoting rupert murdoch from yesterday. >> the newsmaker making the news. "the daily mirror" has a not so suble foam whacked headline. >> that was an alarming moment during the hours-long questioning by members of parliament. abc's jeffrey kofman she's us how it happened. >> reporter: james murdoc
NBC
Jul 18, 2011 7:00pm EDT
the rupert murdoch media scandal. what's next in this story. >>> and in the u.s., sweltering heat across much of the nation. tonight, how bad it will get and for how long? a huge percentage of this country. >>> looking for a connection between military who served in vietnam and increased risk in dementia. >>> america's team back home tonight. they remain our top women. it just wasn't their day. nightly news begins now. >>> good evening. it's one of the true media empires in the world. it's threatened and under attack. it's the empire of rupert murdoch, newspaper man who shut down one of his many papers but remains in the business along with some of the great name plates in the film business and in television. the scandal that started with newspaper reporters eavesdropping on the cell phones of innocent people continues to claim new victims and may soon be felt here in the u.s. than many first thought. it's still galluping its way through great britain, where it is the story. we get to hear from rupert murdoch. tonight there's been another development in this. we begin with stephanie gosk in l
CNN
Jul 16, 2011 3:00pm PDT
. >>> rupert murdoch, deep into a scandal in britain and now here in the united states. the fbi now investigating alleged phone hacking as murdoch prepares to face angry members of parliament. >>> plus, most americans have never heard of him, but he can instill fear in republican lawmakers who even think about raising taxes. i'll talk to grover norquist about america's debt and his own clout. >>> and what jurors were thinking when they cleared casey anthony of murder. one member of the panel now breaking her silence about the verdict that is letting anthony go free this weekend. >>> i want to welcome our viewers in the united states and around the world. i'm wolf blitzer. you're in "the situation room." >>> one of the world's biggest media empires in crisis now. rupert murdoch publicly apologizing for serious wrongdoing and is now the front tabloid, the news of the world. the new ad in british newspapers coming days before he and his son are scheduled to face members of parliament. our correspondent brian todd and allan chernoff are standing by. first to london and our senior corres
CNN
Jul 20, 2011 1:00am PDT
-out quarter. >>> media mogul rupert murdoch and his son faced certain questions from uk legislators. now the phone hacking saga rolls on with a new parliamentary report saying murdoch's news international, quote, deliberately tried to obstruct a police investigation into the now defunct "news of the world". in the meantime, prime minister david cameron is getting ready to make an emergency statement on this crisis after flying back early from a trade trip to south africa. >>> many of us here in hong kong watched that testimony and we stayed up pretty late to watch it. rupert murdoch denied any knowledge of phone hacking at the "news of the world," but it was his son james who actually did most of the talking, intervening when his father seemed at a loss for words. it was murdoch's wife wendy who intervened in a very different way. dan rivers has the details for us. >> i would just like to say one sentence. this is the most humble day of my life. >> reporter: this was how rupert murdoch started. despite his apparent contrition, he surely had no idea what was about to literally hit him. wh
CNN
Jul 14, 2011 10:00am PDT
of the tape did include evidence that the judge ordered as inadmissible. >>> about-face for rupert murdoch. they have agreed to appear before the parliamentary. initially murdoch said he would not be able to attend the july 19th hearing. the probe was launched yesterday in response to allegations that journalists working for murdoch's empire illegally eavesdropped on phone messages and bribed police. >>> and new jersey senator, the democratic lawmaker that just called on the u.s. attorney general to investigate whether this phone hacking scandal has reached the u.s. we will be speaking with him. >>> in less than an hour, the man accused of murdering a 8-year-old brooklyn boy makes his first court appearance. the boy disappeared on his way home from summer camp. the surveillance video is the last time that he was seen alive. the video shows him talking to a stranger identified as evie aaron. police charged aaron with murder. officers say they found human remains in his freezer and a trash bin two miles from his apartment. he told police he killed the boy in a panic after seeing the child's
CW
Jul 19, 2011 10:00pm PDT
promised to veto that bill. >>> well before we get to the grilling of rupert murdoch and his son, the moment that you've heard about all day. wendy murdoch in the pink jacket did not miss a beat when a british comedian attempted to hit her 80-year-old husband with a shaving cream filled pie plate. that as the mogul faced questions from a parliamentary panel. elizabeth palmer shows there are some things that he did not seem to know. >> the men who runs the world's most powerful media empire had the media running after him. the murdoch's waited 27 seconds to say sorry. >> this is the most humble day of my life. i would like to say as well as how sorry i am and how sorry we are to particularly the victims of illegal voice mail interceptions and to their families. >> mr. murdoch, at what point did you find out the criminality was indemic? >> it's a wide ranging word and also had to be extremely careful not to prejudice. of course justice taking place now. >> a criminal inquiry underway let murdoch duck that question. but later when he couldn't or wouldn't answer more pointed que
MSNBC
Jul 21, 2011 5:30am EDT
developments in that hacking scandal engulfing rupert murdoch's media empire. the full extent of the alleged coverup at murdoch's now defunct "news of the world," they will release details of the dealing with the law firm that allegedly has e-mails documenting what the company did wrong. this many comes after another intense day in parliament where the british prime minister, david cameron there, used an emergency session to defend his dealings with murdoch's company offering an apology for the controversy that's now tainting his government. martin fletcher now with the latest from london. >> reporter: up, up and away for rupert murdoch heading home to america, after what he called the most humble day of his life. >> order. order. >> reporter: leaving behind uproar in parliament's emergency session. >> the prime minister. >> where prime minister david cameron ate humble pie, too. >> you live and you learn, and believe you me, i have learned. >> reporter: cameron had rejected advice and hired his communications chief andy carlson, a former editor of "news of the world." >> in 20/20 hindsight,
MSNBC
Jul 22, 2011 5:00pm EDT
. >>> when you find it can't get worse for the murdochs, we learn that james murdoch may have been less than truthful when he told parliament he wasn't aware of how extensive the phone hacking was. now the justice department is investigating whether u.s. laws were broken. >>> you don't need a weather man to know it's hot out there. we're going to ask is overpopulation partly responsible for global warning. caddie sacked. few people closer than a golfer and his caddy. tiger woods's firing of his caddy is beginning to look like an ugly divorce. he's already said five words that must terrify critics, those words "when i write my book." >>> finally, we start with the debt crisis. senator ben card en is a democrat from maryland. you were with the president in your statement today. tell us the latest on the deal. >> michael, good to be with you. we got to pass the debt ceiling by august 2nd. it's the republicans in the householding this up. the president is working hard with speaker boehner trying to come together with an agreement. the bottom line is, look, we've got to increase the debt ceiling.
PBS
Jul 14, 2011 12:30am PDT
and the u.n.. >> the hacking scandal forces rupert murdoch to abandon his bid for b sky b. and key demand for protectors. >> it is 11:00 a.m. in singapore. >> it is 4:00 a.m. in london broadcasting in the u.s. on pbs and are run the world. this is newsday. >> in its main commercial city, mumbai has been hit by three coordinated bombings, leaving 21 people dead and hundreds more injured. it is the first attack since the islamic extremist attack in 2008. >> it was the evening rush hour when the bombs went off. three of them within 15 minutes. all targeted busy locations at a busy time of day. many people were on their way home from work. one eyewitness said he saw to duck -- two motorbike to explode in flames and the injured screaming for help. well over 100 people wounded in what president obama and condemned as outrageous attacks. many have lost limbs. >> the blast happened about 6:45 p.m., within minutes of each other. we feel this was a coordinated attack by terrorists. >> the first bomb went off at 6:54 p.m. at the jewelry market. a minute later, the opera house of district was attacke
PBS
Jul 21, 2011 2:30pm PDT
. for all their troubles, rupert murdoch got a boost when a saudi prince who controls much of the company voiced his support. what about the rest of the board? it is addressed in an article in "the daily beast" today. news corporation shares are up. the news hacking scandal is off the front pages for the first time in two weeks. but independent directors have hired their own top lawyers. why? >> we are getting mixed signals. we have heard the board have hired some lawyers to protect shareholder value and to guard against their own legal exposure. there have also been reports that some of the more independent minded directors are beginning to think about ways in which rupert murdoch could give up his title as ceo of the company. on the other hand, this is a board murdoch controls pretty firmly. it is hard to say what will happen yet. >> who exactly is on the board? >> it is a funny bunch. there are 16 board members. they cover a lot of ground. there is a former head of state and there is an opera singer. there is quite a range of experience. the one thing they all have in common is they ar
CBS
Jul 14, 2011 4:30am EDT
murdoch here in the u.s. >>> and a dramatic victory. the u.s. women's soccer team is headed to the world cup finals for the first time in 12 years. >> oh the goal, an explosion! we win! usa! captioning funded by cbs >> good morning >> good morning on this thursday, and thanks for joining us. i'm betty nguyen. >>> we begin with the increasingly tense talks to reduce the deficit and raise the debt limit. another meeting is scheduled for today. at yesterday's sitdown the talk was blunt with president obama telling republican congressional leaders "don't call my bluff." joel brown is in washington with the latest. good morning, joel. >> betty, good morning. by all accounts this was a tense session yesterday at the white house, both sides losing patience a bit. this was the longest white house session yet and still no progress to report. president obama will sit down with republicans again today, after a contentious meeting on wednesday. aides close to the debt ceiling negotiations say when house majority leader eric cantor pressed for a short term deal the president said "enough is enough. w
NBC
Jul 19, 2011 4:00am EDT
murdoch prepares to be grilled in england's phone hacking scandal. >>> swept away. tragedy strikes a family of five at a popular picnic spot in india. >>> and howling habub. a giant wall of dust rolls through phoenix for a second time in nearly two weeks. captions paid for by nbc-universal television >>> hello, and good morning. i'm lynn berry. today we begin with london calling. news corp. chief rupert murdoch and his son along with former chief executive rebecca brooks will face tough questioning this morning before lawmakers. this is the development in the growing phone hacking scandal that seems to be changing by the hour. nbc's jim maceda is live for us in london right outside parliament with all the details. jim, good morning to you. >> reporter: good morning, lynn. well, all eyes will be on a small room inside that parliament building just big enough for about 40 or so spectators, but there will be overflow rooms with tvs. this is must see tv today for all of britain and elsewhere. as one politician here put it, the three musketeers of the murdoch media empire and that phone
PBS
Jul 14, 2011 5:00am EDT
, "bbc world news." >> will he? won't he? rupert murdoch and his son deciding if they will face a parliamentary committee over the british phone hacking scandal. clouds over the italian economy as the senate bets on a 40 billion euro cut package and the markets give their verdict. hours after the death of the afghan president's half brother, four people are killed as they attend his memorial service. welcome to bbc world news. also coming up on the program. in mumbai, the death toll rises to 18. just who did carry out india's worst militant attack since 2008? big dreams from a tiny island. one of the world's smallest countries hoping for olympic success. hello. it could be another landmark moment in the phone-hacking scandal. we should know very seen whether the media tycoon rupert murdoch has agreed to be questioned by members of british parliament. his son, james, and rebecca brooks have also been invited to appear before the hearing. we can go live to westminster. it feels like we're on the deadline hour for learning whether rupert murdoch is going to say yea or nay to appear
CBS
Jul 13, 2011 12:00pm EDT
blow to rupert murdoch. i'll have the story coming up. >>> the intense hunt for a boy missing in new york city has taken a shocking and tragic turn. this morning, investigators found some of the dismembered remains of nine-year-old libby inside a dumpster. the rest of the child's body was found in a refrigerator inside the home of a man being questioned by police. on monday, the boy was coming home from day camp and was supposed to meet his mother about three blocks away. he never showed up. >> he was seen on video leaving the school at 5:5 p.m. monday. 35 minutes later, he was in a 1990 brown honda accord with levee aaron, who brought the boy to his apartment, killed him there, and then dismembered the body. >> 35-year-old levee aaron has been officially charged with the boy's murder. he remains in police custody. >>> the u.s. coast guard is called off the search for seven americans missing off the coast of mexico. they were on a chartered fishing boat that sank more than a week ago. about three dozen people survived that disaster. many swam for hours. >>> media mogul rupert murdoch
CBS
Jul 20, 2011 4:00am EDT
. >>> humble pie, rupert murdoch is grilled on his role in the phone hacking scandal after a protester makes a headline grabbing attack. >>> and no parking, a canadian car owner learns the hard way to pay attention to the sign. captioning funded by cbs >>> good morning, everybody. thanks for joining us. i'm betty nguyen. this morning the debt showdown in washington is focused on a bipartisan senate plan that is gaining legs on capitol hill and the white house. the program calls for deep budget cuts and new revenues. joel brown is in washington with the latest on this. good morning, joel. >> betty, good morning. in this week's long battle over raising the debt limit, optimism has been hard to come by. that seemed to change yesterday, at least in the senate. we so you sam republicans, some democrats, some liberals, some conservatives negotiating a deal. >> it's time to get down to the business of actually solving this problem and i think we now are seeing the potential for a bipartisan consensus. >> reporter: president obama may invite congressional leaders back to the white house, now that th
CNN
Jul 20, 2011 3:00am PDT
some are calling a cozy relationship with rupert murdoch's media empire. >> go to used of parliament this morning. fireworks yesterday. the consensus, though, is david cameron is not likely to lose his job over this but that he's under enormous pressure right now. >> reporter: he's definitely is. he's got a lot to defend himself today. basically, this is a special day in parliament. they were supposed to go into summer recess but instead they are having this special address by the prime minister here. he's really going to try to prove a point here, that he's is going to underline the phone hacking scandal, say this is how i dealt with it and now we need to move on. here is how he put it when he was in africa for a trip. >> i don't underestimate the problem. parts of the immediate okay dreadful, illegal acts. police have questionses to answer about corruption and a failed investigation. politicians have been too close to media onus. these are big proximate but we're a big country and we'll solve it. >> reporter: now, the main issue he's going to have to teal with is why he decided to
ABC
Jul 19, 2011 5:30pm PDT
. but rupert murdoch's wife defends the 80-year-old titan from a man wielding a pie. >>> hothouse. 20 million americans in temperatures high as the tropics. steamy fog on the beach. and cars so hot, a steak cooks on the dashboard. >>> fever pitch. americans sound off about gridlock among politicians. and we take your comments straight to the top. >>> avoiding alzheimer's? tonight in healthy living, do you know the seven simple steps that might keep you from getting the disease? >>> and live bigig one gutsy woman decides to challenge the limits of middle age. her 60-hour nonstop swim with the sharks, a rallying cry for every life. >>> good evening. the 80-year-old global power broker rupert murdoch called this the most humble day of his life. and we watched him called to account in front of british parliament, for the scandal that next to him, the son he had once hoped would bebeis successor. and there, right in the center, in the pink jacket, rupert murdoch's wife, who played a surprising role when a heckler with a pie tried to attack her husband and she moved in. it is hard not to see what h
PBS
Jul 20, 2011 6:30pm PDT
tycoon rupert murdoch didn't only deliver the news this week. murdoch was the news and continues to be the news. the owner of the news corp, a $32 billion media con gone rat, is in the eye of a whirl storm. the rap is hacking. murdoch's journalists have been hacking into the cell phones apparently of the owners and users of those phones. police reports say there could be as many as 4,000 victims. murdoch's journalists also invaded confidential medical records, one of those victims is the former prime minister of the united kingdom gordon brown. two of his newspapers reveal private medical records of the son of gordon brown and the young boy's history of cystic fibrosis, which his mother and father were treating as a family matter. >> i can't think of any way that medical condition of a child could be put into the public arena legitimately. >> the international uproar over murdoch's newspaper hacking killed a pending murdoch broadcasting deal, namely, to purchase british sky broadcasting a deal valued at $12 billion. the sitting uk prime minister and the british public sidelined t
NBC
Jul 17, 2011 5:30pm PDT
yard resigns on the same day london police arrest a star of rupert murdoch's media empire. >>> the new mystery surrounding casey anthony. where is she after walking out of jail now a free woman? >>> and sudden death. an exhilarating women's world cup decided on the final kick. captions paid for by nbc-universal television >>> good evening. the growing fallout from great britain's newspaper phone hacking scandal gained new momentum today, claiming two major figures. including scotland yard's top cop. tonight the woman who until recently ran rupert murdoch's newspaper holdings in the uk is under arrest. and the head of the london police department has abruptly resigned amid questions over his department's pursuit of the case. all this being followed very closely in this country, which is home to some of the crown jewels of murdoch's now damaged media empire. nbc's stephanie gosk is in london tonight with late developments for us in the case. stephanie, good evening. >> reporter: good evening, lester. well, the casualties in this story continue to pile up. rebekah brooks, one of rupert mu
CNN
Jul 17, 2011 4:00pm PDT
going to be on james and rupert murdoch who are also going to be grilled by lawmakers in parliament on tuesday. they will be answering questions on just how much they knew about these alleged phone hackings. when did they know it. and if they did know about it sooner, why didn't they put a stop to it then? >> you might argue rupert murdoch is the last of the media barons but could this be the event that unravels his massive media empire. we'll talk about that later this hour. >> i just can't even concept a mother that could do this to her children. it tears me apart. >> do they know -- >> a jury said not guilty 12 days ago but that woman's judgment you just heard likely will follow casey anthony even as a free woman. after being under police and public scrutiny for nearly three years the mother acquitted of murdering her daughter is at an undisclosed location. officers released her just after midnight from a jail in orlando. martin savage was there. she left by the front door. was anybody expecting her to do that? >> reporter: no. this case has progressively been one surprise after
CNN
Jul 18, 2011 6:00pm PDT
captivating newsrooms on both sides of the click. the hacking scandal and what it means to rupert murdoch's empire. this is "piers morgan tonight." good evening. a little later, i'll speak with nancy grace, the woman that put the casey anthony trial on the map and became a lightning rod for her opinion on the woman she dubbed tot mom. first, the phone hacking scandal. i was editor of two major british tabloid newspapers. i was editor "nufz the world" from 1994 to 1995. and i was also editor from "daily mirror" from 1995 to 2004. for the record, i don't think any article we published was ever obtained through illegal means. b i readwrote a detailed book on experiences. i want to bring in jessica reef cohen, porter bibbing managing partner of medical tech capital partners and john coffey and kendall lesser, author of google, end of the world as we know it. this is a quiet, unprecedented, extraordinary situation. two of rupert murdoch's ceos resigns, two top police officers, gone, resigned. a whistleblower has been found dead. police have been stressing, they don't think it's suspicious. hav
MSNBC
Jul 18, 2011 2:00pm EDT
, and the "newsnation" is following the news of rupert murdoch and the much-anticipated testimony before parliament. many are calling this the slow meltdown of his media empire. murdoch and his son, james, are expected to testify within the next 24 hours, and yet another resignation in the london police department. john yates has resigned as the deputy commissioner who decided not to reopen an investigation of the alleged hacking. his boss stepped down sunday citing speculation with the ties to the former "news of the editor" arrested last week and the defunct newspaper is accused of hacking into the phones of politicians, and even a murder victim. rebec rebekah brooks has been een resd as of this weekend, and we will see what is going to happen here with rupert murdoch and his son james tomorrow? >> well, that is certainly, that is the big question. and rupert murdoch and his son james, and rebekah brooks, who are appearing before the select committee have to be so careful, and so careful in fact, that rupert murdoch's biographers saying he is in rehearsals and being coached by aides and he is wal
MSNBC
Jul 19, 2011 4:00am EDT
crusher guy. rupert murdoch's news america began to play hardball with floor graphics so so much so that in 2006 floor graphics had enough, filed an unfair news practice against news america. by breaking into our password protected computer system and obtaining proprietary information. this complaint filed in new jersey federal court in 2006 accuses rupert murdoch's they had the right guy to do it, according to a fortune magazine profile, crushes a rival's skull with a baseball bat. who better to take down this puny company than the baseball bat crusher guy. rupert murdoch's news america began to play hardball with floor graphics so so much so that in 2006 floor graphics had enough, filed an unfair news practice against news america. by breaking into our password protected computer system and obtaining proprietary information. this complaint filed in new jersey federal court in 2006 accuses rupert murdoch's american supermarkets services companies of hacking into their computer data base. on at least 11 separate occasions, news america intentionally, knowingly, and without authoriza
CNN
Jul 19, 2011 10:00am PDT
you. louise mensch? >> i would like to draw you out with a question i put to mr. james murdoch at the end of our last session, which is the wider culture of hacking and private detectives within fleet street and to what extent the "news of the world" felt justified in those practices, because everybody is doing it, if you like. i put to him that piers morgan, now a celebrity anchor on cnn, said openly in his book which was published before this whole controversy broke, that he had hacked phones, he said he won scoop of the year for a story, he actually gave tutorial in how one accesses voicemail by punching in a code and clearly from the account that he gives, he did it routinely as editor of "the daily mirror" and it was something that happened there. he was also of course an ex-employee of "news of the world." i went through the information commissioners' report and added up, for transactions in the daily mail's associated newspapers group, there were 1,387 transactions with mr. whitmore used by 98 journalists in total across titles and supplements in that group. is it not ob
MSNBC
Jul 19, 2011 6:00am EDT
the scandal threatening rupert murdoch. >> can you believe this story? >> unbelievable. >> this story keeps growing. >> it's sort of engulfing different facets of the world. and you can't imagine that it wouldn't come to the united states. >> the guy shows up dead. jude law is now a part of this? in a serious angle that brings this scandal to the united states. >> first, rupert murdoch and his son are preparing to appear before parliament today. police are arresting 11 people since the hacking and bribery allegations emerged including the ceo rebecca brooks who heads to parliament today. uk police being questioned by parliament. they're under scrutiny for failure to investigate previous hacking incidents and alleged ties to executives in murdoch's companies. and "the new york times" reports that aides close to the murdoch family spent years and millions of dollars covering up wrongdoing at the now defunct "news of the world," the "times" cites interviews with hundreds of current and former employees say "the news of the world" paid police for information. and a twist to the story, a reporte
NBC
Jul 20, 2011 7:00am EDT
parliament today in connection with that tabloid phone-hacking scandal. a day after rupert murdoch denied any knowledge of wrongdoing. his testimony interrupted by a protester with a pie. >>> and swept away. three hikers feared dead after reportedly getting caught in a dangerous current and pulled over a big waterfall at yosemite national park. and searchers are out looking for their bodies today wednesday, july 20th, 2011. captions paid for by nbc-universal television >> announcer: live from studio 1a in rockefeller plaza. >> and good morning, everyone. welcome to "today" on a wednesday morning. i'm matt lauer. >> and i'm ann curry. as you see, it's 76 degrees already at 7:00 a.m. here in new york city. and new york is one of 32 states under a heat advisory warning today. >> i think you can see that shot from above, the haze that's hanging over the city. apparently a lot of the country is trapped inside what people are calling a heat dome. inside that dome temperatures in the 90s and 100s in areas that aren't used to getting that hot. now you throw humidity on top of that, and there is simpl
CNN
Jul 13, 2011 2:00pm PDT
for an investigation of rupert murdoch's media empire as the company pays a new price for its phone hacking scandal. could a massive probe now under way in britain happen here in the united states? and the obama money-maybing machine. who's behind the cash and can the republicans compete? >>> president obama and the congressional leadership are under enormous pressure right now, about 40 minutes into their latest round of debt crisis talks. they haveless than three weeks until the deadline to raise the legal limit on the federal debt. and by all accounts, they're still very far apart. what if anything emerges from this meeting? consider the very dire warnings from the chairman of the federal reserve. ben bernanke using very strong words today, telling congress that the global financial system would be thrown into enormous disarray. that's a direct quote, if the u.s. treasury is deadbeat on its debt. >> ff we went so far as to default on the debt, it would be a major crisis. the treasury security is view as the most safest and liquid in the world. it's the foundation for much of our financial system
PBS
Jul 15, 2011 6:00pm PDT
as the country's legitimate government. rupert murdoch's top executive resigned after resigned -- after hacking allegations and the investigation deepens. the european union and the european central bank officials have welcomed the release of a new round of stressed chess as a step to repair the crisis- -- tests as a step to repair the crisis-battled banks. those banks failed to meet the european banking authority's new capital requirements. >> in the end, the number of failures was smaller than expected. the european banking authority gave most of the bank good marks. the tests tested where banks had enough capital to deal with all kinds of economic developments. eight banks failed the test. one german bank would have been on the list, but the bank pulled out in a dispute over the methodology. the test stimulates a deep economic recession in the european union. the banks had to have enough capital reserves to cover bad loans. share prices tumbled and unemployment tumbles. the institutions need to tap into their reserves. banks have to have a reserve cushion of at least 5% of their capital. bel
Search Results 200 to 249 of about 2,119 (some duplicates have been removed)